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The Gabelli Convertible and Income Securities Fund Inc. reports recurring board-declared cash distributions for its NYSE-listed closed-end fund focused on convertible securities. The fund’s primary investment objective is total return through current income and capital appreciation, and distribution updates describe payments to common stockholders, the fund’s NAV-linked distribution policy and compliance with regulated investment company distribution requirements.
Company updates also describe quarterly board reviews of income, realized capital gains, available capital, net asset value and market conditions. The fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a $0.12 per share cash distribution, payable June 23, 2026 to shareholders of record on June 15, 2026.
The Fund targets a minimum annual distribution of 8% of average net asset value, but this policy may be changed by the Board.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a cash distribution of $0.12 per share payable March 24, 2026 to shareholders of record March 17, 2026. The Fund targets a minimum annual distribution of 8% of average net asset value and may adjust policy.
Based on current accounting records, the 2026 distributions through the fiscal year ending September 30, 2026 are estimated to be ~4% net investment income, ~20% net capital gains and ~76% return of capital on a book basis; final tax components will be reported after year end.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) declared a $0.12 per share cash distribution payable on December 19, 2025 to shareholders of record on December 12, 2025. The Fund says it intends to pay a minimum annual distribution equal to 8% of average net asset value or an amount to satisfy RIC tax requirements, with average NAV calculated from the last day of the four preceding quarters. Distribution components (income, capital gain, return of capital) will be estimated now and finalized after year end; Form 1099-DIV will report taxable breakdowns in early 2026. The Board may modify the policy and distributions are not guaranteed.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a quarterly cash distribution of $0.12 per share, payable on September 23, 2025, to shareholders of record as of September 16, 2025.
The Fund maintains an 8% minimum annual distribution policy based on average net asset value. The current distribution composition includes approximately 13% from net investment income and 87% return of capital for the fiscal year ending September 30, 2025. The Board of Directors regularly reviews distribution levels considering market conditions and net asset value fluctuations.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a $0.12 per share cash distribution, payable on June 23, 2025, to shareholders of record on June 13, 2025. The Fund maintains a policy to distribute a minimum of 8% of its average net asset value annually. The current distribution composition includes approximately 13% from net investment income and 87% return of capital based on accounting records for the fiscal year ending September 30, 2025. The Board regularly reviews distribution levels considering market conditions and net asset value fluctuations. Final tax determinations for 2025 distributions will be provided to shareholders via Form 1099-DIV in early 2026.
Shareholders should note that the distribution may be subject to a maximum 20% federal income tax rate for long-term capital gains in taxable accounts, plus a 3.8% Medicare surcharge for certain individuals whose income exceeds specific thresholds.
Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a cash distribution of $0.12 per share, payable on March 24, 2025, to shareholders of record on March 17, 2025. The Fund maintains a minimum annual distribution policy of 8% of average net asset value or sufficient amounts to meet IRS requirements for regulated investment companies.
The current 2025 distribution comprises approximately 17% from net investment income and 83% return of capital based on current accounting records. The Board of Directors reviews potential distributions quarterly, considering income, realized capital gains, and available capital. The distribution policy may be modified, and rates shouldn't be considered as dividend yield or total return indicators.
Distributions may be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate for individuals. Some shareholders may also be subject to a 3.8% Medicare surcharge on net investment income.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a $0.12 per share cash distribution payable on December 20, 2024, to shareholders of record on December 13, 2024. This fourth quarter distribution brings the total 2024 distributions to $0.48 per share, which is $0.18 higher than the 8% minimum annual distribution policy based on average NAV. The Fund's NAV has fluctuated between $3.63 and $3.86 over the past four quarters. The distribution may be treated as long-term capital gain or qualified dividend income, subject to applicable tax rates.
The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) has declared a $0.12 per share cash distribution, payable on September 23, 2024, to shareholders of record on September 16, 2024. The Fund aims to distribute annually at least 8% of its average net asset value or meet minimum IRS requirements for regulated investment companies. The distribution may include income, realized capital gains, or capital, and is reviewed quarterly by the Board of Directors.
The Fund's 2024 distributions are estimated to comprise 8% from net investment income and 92% as return of capital. Shareholders will receive detailed tax information for 2024 distributions in early 2025 via Form 1099-DIV. The Fund's distribution policy is subject to change, and investors are advised to consider the Fund's objectives, risks, charges, and expenses carefully before investing.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a $0.12 per share cash distribution, payable on June 21, 2024, to shareholders of record as of June 13, 2024. The fund aims to provide a minimum annual distribution of 8% of its average net asset value or meet the minimum distribution requirements of the Internal Revenue Code. The fund's net asset value per share fluctuates daily. The Board of Directors reviews potential distributions each quarter, considering the fund's net asset value and financial market conditions. The distribution policy can change at any time and should not be considered a dividend yield or total return on investment. The distributions may include long-term capital gain, qualified dividend income, or a return of capital. For 2024, approximately 83% of distributions are from net investment income, with 17% as a return of capital. Shareholders will receive detailed tax information in early 2025 via Form 1099-DIV.
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